Tesla CEO Says NHTSA Has `Real Issues to Deal With'

Nov. 13 (Bloomberg) -- Elon Musk, chief executive officer of Telsa Motors Inc., talks about the National Highway Traffic Safety Administration's Oct. 24 statement that it found no evidence that the first fire involving a Tesla Model S sedan had resulted from defects or violations of U.S. safety standards. The NHTSA statement came two months after the Model S received the top five-star rating in each category of the agency’s crash tests. Musk spoke with Bloomberg's Sarah Frier after a Business Insider conference in New York yesterday. (Source: Bloomberg)

New Dawn for China as Yuan Joins Majors
15:21 - The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan. The yuan weakened in offshore trading amid speculation China’s central bank will rein in intervention. PBOC Deputy Governor Yi Gang said at a briefing the long-term goal is for very few interventions, adding that bigger two-way fluctuations are normal.
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